Today, Animoca Brands announced that all seats for Season 2 of Publisher NFTs have been filled. The Season 2 sale of 720 Publisher NFTs was created by Animoca Brands’ subsidiary TinyTap, which is a leading edtech platform for educational games. It was hosted and assisted by Open Campus, which is a community-led Web3 education protocol. The sale generated 538,560 EDU tokens, which are worth about US$333,907 at the time of sale. This gave the 168 educators on the TinyTap platform who co-authored the Publisher NFTs both one-time and ongoing revenue.
Publisher NFTs are a brand-new idea in education that TinyTap unveiled with the goal of empowering, rewarding, and motivating publishers and producers of educational content.
With the help of TinyTap’s code-free Web2 platform, educators can produce and distribute multimedia lessons while also earning a cut of sales when students use their materials. Publisher NFTs are intended to represent co-publishing rights to certain educational materials created and distributed via the TinyTap platform; these materials are already profitable before they are associated with an NFT.
Publisher NFTs give creators of educational content new freedom and financial opportunities by granting digital property rights over TinyTap content. Specifically, each creator receives 50% of the net proceeds from the first sale of their NFTs, 10% of any future revenue share from the work after the NFT holder co-publishes it, and a creator royalty of 5% of the secondary sale of their NFTs (Open Campus will accumulate such royalties on the behalf of Season 2 producers and forward them periodically).
In addition to receiving a portion of up to 80% of the revenue share produced by the material connected to their NFTs when they market and promote it, holders who purchase Publisher NFTs also become co-publishers of the content linked to the NFTs. This gives content producers more time to concentrate on producing high-quality material, which TinyTap and Publisher NFT holders then distribute and market in an incentive-based manner.
In addition to using the TinyTap platform, Publisher NFT holders have the option to promote and sell their asset directly to consumers. For further details on the Publisher NFT revenue sharing model, please see the Open Campus page on Medium.
Yat Siu, the co-founder and chairman of Animoca Brands, said:
“The Season 2 Publisher NFTs sale by Open Campus and TinyTap marks a pivotal moment in the march of educational content toward becoming a new asset class. This success underscores the immense potential of digital property rights to unlock new earning opportunities for educators in the digital age.”
Yogev Shelly, the CEO of TinyTap, stated:
“This milestone is not just about providing better earning opportunities for educators; it’s about building a future in which communities play a pivotal role in shaping curricula and empowering teachers and content creators to pave a path toward true educational autonomy.”
Visit the Open Campus website to find out more about Publisher NFTs, how they may help educators, and how to get started fast and conveniently.
Source: https://thenewscrypto.com/season-2-of-tinytap-publisher-nfts-by-animoca-brands-declared-sold-out/